What are the four target segments for the RM600 million fund?

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Four Target Segments Identified for RM600 Million SME Fund Allocation

A total of RM600 million, drawn from selected facilities within Bank Negara Malaysia’s fund for small and medium enterprises (SMEs), has been designated for four specific target segments. This allocation aims to bolster financing accessibility for micro, small, and medium enterprises across key economic areas and national initiatives.
Increased Allocation for Micro-Enterprises Facility

The largest portion of the RM600 million, amounting to RM200 million, is an increase in allocation for the micro-enterprises facility. This move signifies a concentrated effort to provide greater financial support to the smallest businesses within the SME ecosystem.
All Economic Sectors Facility Receives Substantial Funding

Another RM200 million has been earmarked under the all economic sectors facility. This broad-reaching facility is designed to support SMEs across a wide spectrum of industries, ensuring that diverse business operations can access the necessary capital for growth and development.
Dedicated Funds for Agro-Food and Low Carbon Transition

The remaining RM200 million is split equally, with RM100 million allocated to the agro-food facility and RM100 million to the low carbon transition facility. These targeted allocations reflect a strategic focus on supporting the agricultural sector and promoting businesses engaged in environmentally sustainable practices, aligning with national development plans.
Broader Support and Additional Grants

These specific allocations are part of a larger commitment, with approximately RM8.4 billion still available for SMEs across all financing facilities under Bank Negara Malaysia’s fund. Furthermore, an additional RM25 million in grants, matched by social finance funds, will support the iTEKAD initiative to assist low-income micro entrepreneurs, underscoring a multi-faceted approach to SME financing.

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What are the four target segments for the RM600 million fund?

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